European Commission President von der Leyen: We do not lack Capital, but rather an effective Capital Markets that converts savings into investments, especially for early technologies with disruptive potential. Therefore, we will establish a European Savings and Investment Alliance, launch new European savings and investment products, provide new venture capital incentives, and promote ensuring seamless flow of investments within our alliance. Secondly, we must significantly simplify the business environment across Europe.

European Commission President Ursula von der Leyen: Europe needs to benefit from technological change. Three foundations support this Global Strategy. First, Europe needs a deep and liquid Capital Markets.

Ursula von der Leyen, President of the European Commission: In order to maintain growth in the next 25 years of this century, Europe must change direction.